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Listing Details
- $1,795,000
- MLS# 398128
- Type Land - Residential
- Status Active
Listed By
Agency Name: RE/MAX of Orange Beach
Agency Phone: 251-981-2400
Shown By
Agency Title: Levin Rinke Realty
Agency Phone:
Home Value Estimate
Description
CANAL ROAD SELF-STORAGE | 8.68% CAP RATE | $155,782K NOI | ORANGE BEACH Rare opportunity to acquire a stabilized self-storage and equipment rental investment in the heart of Orange Beach, Alabama. Offered at $1,795,000 and generating approximately $155,782 in Net Operating Income, this asset delivers an attractive 8.68% cap rate in one of the Gulf Coast's supply-constrained markets. Located on highly traveled Canal Road, the property consists of approximately 11,760 square feet of rentable improvements situated on 1.67 acres. The facility includes 33 rental units with multiple income streams from self-storage, covered equipment storage, and...read more
Features
- $7,210 Taxes
- Built in 2000
Gallery
Listed By
Agency Name: RE/MAX of Orange Beach
Agency Phone: 251-981-2400
Shown By
Agency Title: Levin Rinke Realty
Agency Phone:
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